Russell Investments Group Ltd. Sells 2,362,146 Shares of Eventbrite, Inc. $EB

Russell Investments Group Ltd. reduced its stake in Eventbrite, Inc. (NYSE:EB) by 97.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,323 shares of the company’s stock after selling 2,362,146 shares during the period. Russell Investments Group Ltd. owned 0.06% of Eventbrite worth $117,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Eventbrite by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 601,602 shares of the company’s stock valued at $1,269,000 after purchasing an additional 4,260 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Eventbrite by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company’s stock valued at $209,000 after purchasing an additional 5,114 shares during the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of Eventbrite by 52.2% in the first quarter. Pallas Capital Advisors LLC now owns 16,928 shares of the company’s stock valued at $36,000 after purchasing an additional 5,803 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Eventbrite by 47.2% in the fourth quarter. ProShare Advisors LLC now owns 22,392 shares of the company’s stock valued at $75,000 after purchasing an additional 7,182 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Eventbrite by 12.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 64,012 shares of the company’s stock valued at $215,000 after purchasing an additional 7,300 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Morgan Stanley set a $2.70 price target on shares of Eventbrite in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.40.

Eventbrite Trading Up 2.0%

Shares of Eventbrite stock opened at $2.75 on Thursday. The company has a market capitalization of $264.89 million, a price-to-earnings ratio of -12.48 and a beta of 2.03. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.19. Eventbrite, Inc. has a 12-month low of $1.80 and a 12-month high of $4.12. The firm’s 50-day moving average price is $2.56 and its two-hundred day moving average price is $2.44.

Eventbrite (NYSE:EB) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. The firm had revenue of $72.76 million for the quarter, compared to the consensus estimate of $71.67 million. Eventbrite had a negative net margin of 6.93% and a negative return on equity of 11.91%. Eventbrite has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts forecast that Eventbrite, Inc. will post -0.12 earnings per share for the current fiscal year.

Eventbrite Profile

Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, enhance reach, and drive ticket sales.